Condé Nast Publications acquired the site in October 2006.
Reddit became a direct subsidiary of Condé Nast's parent company, Advance Publications, in September 2011.
Each subreddit has a front page that shows newer submissions that have been rated highly.
Redditors can also post comments about the submission, and respond back and forth in a conversation-tree of comments; the comments themselves can also be upvoted and downvoted.
Dozens of submissions cycle through these front pages daily.
Submissions with more up-votes appear towards the top of their subreddit and, if they receive enough votes, ultimately on the site's front page.
The front page of the site itself shows a combination of the highest-rated posts out of all the subreddits a user is subscribed to.
Front-page rank – for both the general front page and for individual subreddits – is determined by the age of the submission, positive ("upvoted") to negative ("downvoted") feedback ratio and the total vote-count.
Registering an account with Reddit is free and does not require an email address to complete.
As of June 2015 When logged in, Reddit users (known as redditors) have the ability to vote on submissions and comments to increase or decrease their visibility and submit links and comments.
Redditors can "friend" one another, which gives a redditor quick access to posting and comments of their friend list.